Earnings, economy - here comes 'terrible'
The week ahead: Investors gear up for a deluge of weak earnings and the biggest plunge in GDP in 26 years.
By Alexandra Twin, CNNMoney.com senior writer
Last Updated: January 25, 2009
NEW YORK (CNNMoney.com) -- Investors this week will face the largest batch of company report cards yet, in what is quickly shaping up to be the worst quarter for corporate profits in a decade.
How long before the talking heads start blaming Obama for this mess???
... and why is this BUSINESS news coming out on Sunday?
My sage advice: hold onto portable tangible assets - you may need 'em for the new barter economy.
On the bright side: so far there's no evidence of inflation - so we're not yet facing 1920s Weimar Republic.
[It'll be interesting to see how the Fed responds if/when inflation does raise its ugly head: raise rates to curb inflation & risk killing the recovery, or keep rates near 0, fueling a Weimar-like fire?]
Sing a song!
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